The futures market was weaker on Monday as miners retreated on weaker commodity prices, while banks and financials ended the day higher. A strong opening on the Dow failed to lift futures. The Dow was 0.08% higher in early evening trade in SA, after opening 0.40% higher. The all share closed 0.42% lower at 51,288.70 points and the blue-chip top 40 lost 0.54%. Platinums dropped 1.76%, gold 1.7%, resources 1.20%, food and drug retailers 0.66% and industrials 0.53%. Banks gained 1.48% and financials 0.41%. Brent crude was 0.19% lower at $45.59 a barrel. The local near-dated, top-40 Alsi futures index was up 0.50% lower at 45,461 points. The number of contracts traded was 28,400 from Friday’s 26,416. The rand was at R12.8574 to the dollar from R12.9719.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.